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Rising Cancer Burden Drives Growth In Histology Equipment Market: Core Growth Enabler in the Histology Equipment Market, 2025
Histology Equipment
What Will the Histology Equipment Industry Market Size Be by 2025?
The market for histology equipment has seen consistent expansion over the last few years. Predictions suggest a rise from $0.65 billion in 2024 to $0.68 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.9%. This upward trend during the historic period can be linked to factors such as the rising incidences of chronic illnesses, enhanced healthcare spending, advancements in imaging technology, increased research endeavors, and the globally aging population.
What's the Long-Term Growth Forecast for the Histology Equipment Market Size Through 2029?
Over the following years, a consistent growth is anticipated for the histology equipment market. The market is projected to expand up to $0.82 billion by 2029, with a compound annual growth rate (CAGR) of 4.5%. Various factors contributing to this ascension, expected in the forecast period, include an enhanced incidence of cancer, an upsurge in the need for personalized medicine, advancements in healthcare facilities in the rising markets, innovative technologies in imaging techniques, a swelling elder population, and increased research and development endeavours in life sciences. Key trends during the forecast duration involving the amplified adoption of automation, surging demand for digital pathology, a spike in personalized medicine, the progression of tissue staining technologies, research expansion in the field of oncology, an escalating emphasis on workflow efficiency, and extensive investments in laboratory infrastructure.
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What Are the Key Growth Drivers Fueling the Histology Equipment Market Expansion?
The escalating incidence of cancer is projected to fuel the expansion of the histology equipment market in the future. Cancer is a disease characterized by the uncontrolled growth and spread of abnormal cells, which can be fatal if not addressed. The surge in cancer instances can be attributed to a combination of modifiable lifestyle elements and non-modifiable biological and demographic aspects. Histology equipment plays a crucial role in cancer diagnosis and research by enabling meticulous tissue analysis, facilitating the identification of varying types and stages of cancer, and informing treatment plans. For example, the American Cancer Society, a U.S. based entity, reported approximately 609,360 cancer fatalities in the U.S. in 2022. This estimate is anticipated to modestly increase to 609,820 in 2023, with roughly 1,670 deaths occurring daily. Consequently, the increasing prevalence of cancer is stimulating the growth of the histology equipment market.
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What Are the Key Trends Driving Histology Equipment Market Growth?
Leading enterprises in the histology equipment sector are focusing on inventing superior solutions like next-generation slide scanners to refine the accuracy and efficiency of cancer detection. A next-generation slide scanner is a sophisticated imaging device designed to digitally acquire thorough images of dyed histology slides derived from patient tissue specimen, generally with improved attributes and functionalities compared to older models. For instance, in June 2022, Roche, an established pharmaceutical firm based in Switzerland, introduced the VENTANA DP 600 slide scanner. This next-generation slide scanner delivers exceptional image quality for stained histology slides obtained from patient tissue samples. It is highly efficient, boasts of user-friendliness, and can adapt to pathology lab processes to offer pivotal digital visuals crucial for diagnosing cancer and guiding therapeutic choices.
How Is the Histology Equipment Market Segmented?
The histology equipment market covered in this report is segmented -
1) By Type: Slide Staining Systems, Scanners, Tissue Processing Systems, Microtomes, Coverslippers, Other Types
2) By Product: Instruments And Analysis Software System, Consumable And Reagents
3) By Application: Hospitals, Pharmaceutical Companies, Diagnostic Centers, Academic Institutes, Research Laboratories, Other Applications
Subsegments:
1) By Slide Staining Systems: Manual Staining Systems, Automated Staining Systems, Hybrid Staining Systems
2) By Scanners: Digital Slide Scanners, Whole Slide Imaging Scanners, Confocal Scanners
3) By Tissue Processing Systems: Manual Tissue Processors, Automated Tissue Processors, Vacuum Infiltration Tissue Processors
4) By Microtomes: Rotary Microtomes, Cryostat Microtomes, Sliding Microtomes, Manual Microtomes, Semi-automated Microtomes
5) By Coverslippers: Automatic Coverslippers, Manual Coverslippers, Semi-Automatic Coverslippers
6) By Other Types: Embedding Stations, Tissue Embedding Centers, Cryostats, Histology Staining Racks, Histology Printers
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Which Companies Are Leading the Charge in Histology Equipment Market Innovation?
Major companies operating in the histology equipment market are Thermo Fisher Scientific Inc., Roche Diagnostics International Ltd, Agilent Technologies Inc., Hologic Inc., Leica Microsystems Nussloch GmbH, Cole-Parmer Instrument Company LLC, Sakura Finetechnical Company Ltd., Biogenex Laboratories Inc, StatLab Medical Products Inc., Biocare Medical LLC, Andwin Scientific, Covaris Inc., A. Menarini Diagnostics S.r.l, Diapath S.p.A., PolyScience Inc., CellPath USA, Medite Medical GmbH, Hacker Instruments & Industries Inc., Amos Scientific Pty. Ltd., TissueGnostics GmbH, Konfoong Bioinformation Tech Co. Ltd (KFBIO), Labstac USA, Intelsint Srl, Milestone Medical Inc., Histo-Line Laboratories s.r.l.
Which Regions Are Leading the Global Histology Equipment Market in Revenue?
North America was the largest region in the histology equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the histology equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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